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Greenoaks Capital

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// PORTFOLIO INTELLIGENCE

// COMPANIES TRACKED

30

// PORTFOLIO VALUATION (TRACKED)

$241.6B

Combined current valuation of portfolio companies in WOWLS database — not fund AUM or capital deployed

// SECTORS COVERED

45

WOWL HIT RATE: 17%WOWL MISS RATE: 23%

// THREAT LEVEL DISTRIBUTION

  • ARMED
    13 · 43.3%
  • DANGEROUS
    5 · 16.7%
  • BLOATED
    5 · 16.7%
  • TERMINAL HYPE
    4 · 13.3%
  • HUNTED
    2 · 6.7%
  • ZOMBIECORN
    1 · 3.3%

Based on 30 enriched portfolio companies

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// 5 TIERS · PAYPAL SECURED

// NOTABLE INVESTMENTS

// PORTFOLIO COMPANIES

30 companies · $241.6B combined valuation

COMPANYSECTORVALUATIONROUNDYEARTHREAT
DoorDashecommerce$45BSERIES_C2016HUNTED
Coupangecommerce$30BSERIES_B2014DANGEROUS
Scale AIai$29BSERIES_D2021ARMED
Ripplingfintech$16.8BSERIES_D2021DANGEROUS
Discordcommunication software$15BSERIES_C2018ARMED
Brexbanking$12.3BSERIES_A2018ARMED
Airtabledata management$11BSERIES E2021TERMINAL HYPE
Oyohospitality$9.6BSERIES_B2015TERMINAL HYPE
Vercelcloud computing$9.3BSERIES_B2021BLOATED
Kavakautomotive$8.7BSERIES_B2019TERMINAL HYPE
Airwallexfintech$8BSERIES_E2021DANGEROUS
StarkWare Industriesblockchain$8BSERIES_D2022ARMED
Cartaequity management$7.4BSERIES_F2021DANGEROUS
PAPAYA Globalhr tech$3.7BSERIES_C2021ARMED
Coalitioncybersecurity$3.5BSERIES_B2019DANGEROUS
Loftmarketplace$2.9BSERIES_B2020BLOATED
KeepTruckinfleet management$2.25BSERIES_B2016ARMED
Pipefintech$2BSERIES_B2021TERMINAL HYPE
Cockroach Labscloud computing$2BSERIES_E2021ARMED
Creditasfinancial services$1.75BSERIES_D2019ARMED

// RECENT ACTIVITY

// WOWL ASSESSMENT

Greenoaks backed DoorDash, Coupang, and Scale AI early — genuine conviction bets that hit before the 2021 feeding frenzy. The fund's 17% hit rate places it in the top quartile for large growth-stage investors. But the portfolio carries structural weight: three TERMINAL HYPE companies (Airtable, Oyo, Kavak) representing $29.3B in markdowns waiting to happen, plus fintech exposure that looked smarter in the ZIRP era than today.

DoorDash and Coupang exits prove the strategy works when the picks are right — both companies went public and held value. Scale AI at $29B represents the new vintage: AI infrastructure before it became consensus. The misses tell the counter-story: Airtable raised at $11B with no path to justify it, Oyo's $9.6B hotel aggregation play collapsed post-pandemic, Kavak's $8.7B used-car marketplace never proved unit economics. Portfolio split: 5 wins carrying 10 bets that won't return capital.

// THREAT LEVEL: ARMED

VERDICT: Won the 2015-2019 vintage, now defending gains against a portfolio that bet on growth at any price.

// WHY WOWLS WATCHES

The fund's ability to exit Airtable, Oyo, and Kavak before markdowns crystallize determines whether this is a top-decile performer or merely survivors of the bubble. Fintech concentration is the tell — if Brex and Rippling can't find profitable growth, the portfolio math changes fast.

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// INTELLIGENCE PENDING

// INTELLIGENCE DISCLAIMER: Fund assessments represent editorial opinion based on publicly available data. Portfolio coverage reflects companies tracked in the WOWLS database and may not represent complete investment history. Hit and miss rates are calculated from tracked portfolio companies only. Not financial or investment advice.

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